Can Administrative Penalties Be Deducted When Determining Corporate Income Tax?
According to Article 4 of Circular 96/2015/TT-BTC, the following expenses are non-deductible when determining taxable income:
Fines for administrative violations include: traffic law violations, violations of business registration policies, violations of accounting and statistical policies, tax law violations including late tax payment penalties as prescribed in the Law on Tax Administration, and other fines for administrative violations as prescribed by law.
Based on the information you provided, the driver's traffic law violation fine incurred by your company's employee is non-deductible when determining taxable income.
Sincerely!
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